2010 was a tough year for financing for manufactured homes. One of the financing options available for a manufactured home is FHA owner occupied purchase with 3.5% down, but a buyer must have a credit score of 660, 3 months reserves, ratios cannot exceed 45%. The borrower must have their own down payment and reserves, a buyer can’t own any other property. The manufactured must be at least a double wide and if over l year old must have a certification from a licensed professional engineer confirming compliance with HUD foundation requirements.
I have serveral manufactured homes available for this financing, both homes are on one acre.